The Shape of Archetypal Stories

Do formulas exist in the stories we read? Kurt Vonnegut believed so and he suggests these formulas help an author build a story and help an audience identify with a story or helps them analyze it. Maya Eilam created this interesting infographic regarding Vonnegut’s theories about archetypal stories.

[youtube http://www.youtube.com/watch?v=oP3c1h8v2ZQ&w=420&h=315]
In this short lecture, Vonnegut explains his theory. As a reader or author do you agree with his assessment?